Housing Inventory

Months of Inventory has been holding fairly steady for the past several months in the I680 Corridor. September 2nd shows a 8% decrease compared to August 3rd, 4.21 vs.. 4.60.

The same factors that have been affecting our market most of the year still remain.  It is still a buyer's market although the Months of Inventory remains low.

Months of Inventory     9/2/2008
Community
# of Active
Pending Sales
Months of Inventory
Danville
255 39 6.54
Alamo
151 16 9.44
Walnut Creek
310 69 4.49
San Ramon
321 89 3.61
Dublin 
194 53 3.66
Pleasanton
313 54 5.80
Livermore
421 87 4.84
Blackhawk
68 14 4.86
Concord 
586 183 3.20
Lafayette 
99 11 9.00

Home Inspections - What YOU Need to Know About Home Inspections

House-checkRon Reid, one of the local (Alamo, Danville, San Ramon, Pleasanton,, Walnut Creek) home inspectors we use has been kind enough to share a letter he sends out to homeowners and agents prior to a home inspection to make sure everything goes smoothly at the inspection.

Thank you for placing your Home Inspection order with Gold Seal Inspection scheduled for Thursday July 17th at 2:00 pm.  After 14 years in the inspection business, we have seen many cycles in the real estate market.  We are now in a time where some changes are in order to make both the inspector and real estate agent professionally successful.

Currently we as inspectors are experiencing a 93% rate of the utilities being OFF at the time of our inspection appointment.  Buyers are now vocalizing their dissatisfaction at this event.   Gold Seal Inspection will always make a return trip to finish the inspection once the utilities are restored.  However, please keep in mind that our fee for returning for the re-inspection is $195.  We request that the $ 195 fee be paid at the time of re-inspection only; escrow billing of this fee has been fruitless. 
 
House-repairFor liability reasons, inspectors routinely DO NOT turn on any utilities.   That would include; water mains and house valves, main and sub electrical panels, and gas mains or light gas fixtures. Homes that are vacant for any length of time require an on-site utility professional to restore the house to working order for safety reasons. 
 
Your may also encounter homes that have been WINTERIZED after being vacant for a period of time.  This means that a pluming contractor has turned off all utilities, removed flexible gas lines and drained the water heater.  In some cases, padlocks have been placed on utility access points that prevent vandalism.
 
Re-establishing utility service in some cases take up to 2 weeks.
 
Please make every effort to ensure that all utilities are turned on prior to scheduling a home inspection for the sake of all of us, especially your buyers.
 
If you require help in determining if a utility is active while you are on-site, don’t hesitate to call us.
 
Respectfully,
 
Ron Reid
Gold Seal Inspection

Having the utilities on for a home inspection sounds like common sense doesn’t it? Ron told me that with all of the bank owned properties and foreclosures on the market these days, situations like this are cropping up more and more.

HammeredIt seems incredible that an upset home buyer would throw a rock through a Realtors windshield or throw a clipboard at their real estate agent – but, Ron has actually witnessed these events. Home buyers don’t like showing up for an appointment and discover that their real estate agent wasn’t competent enough to insure the utilities were on.

Ron is one of the few home inspectors in the area that is actually a licensed general contractor. If your inspector says they are a licensed contractor ask for their license number.

Think Before Going Green

Green-housesThere’s a great deal of interest in going green these days and a lot of that interest is in green housing. National attention to energy costs and the environment are heating up the green campaign.

As you can imagine there is a lot of interest in California’s East Bay communities around going green and green housing. We are hearing the phrase more and more at the Realtors Marketing Meeting in San Ramon. The RMA meeting also serves Alamo and Danville. Contractors are giving more and more attention to the green word.

You may recall the massive tornado that leveled Greensburg, Kansas a year ago. Greensburg is rebuilding it self as a totally green community – GreensburgGreenTown.

Before deciding to turn your entire town or neighborhood green, you might want to read this article posted by Jeff Echols.

Family-home-greenAre We Too Green?

It happened last night. I was listening to homeowners who had volunteered to be test cases for the Irvington Green Initiative's "Recognition Program." We were holding a forum designed to produce honest feedback after two months of working within our guidelines and criteria. This was it; the big test. The Committee had worked for several months to design the program and develop the criteria which these families, some experienced "greenies," some not, had graciously agreed to "test."

That's when the bomb dropped. Maybe it wasn't a bomb so much as a rising tide, a tsunami perhaps. Anyway, it started with a person that works for one of the "greenest" organizations around. It was then added to by someone from a family who has been making extraordinary strides towards sustainable ends. And suddenly the culmination of the discussion began to revolve around the fact that the very structure that we had created was inherently wrong.

Now if that didn't take the wind out of my energy conserving sail. We had modeled our process, our forms and our criteria on a number of national programs. We had given thoughtful consideration to the requirements and difficulty of progressive levels. We had … well it just doesn't matter does it?

The tide that had risen and washed over us was the point that the program was too complicated and even intimidating, especially for those who were wanting to get their feet wet so-to-speak in being green. And it's an excellent point; possibly one of the best, straight to the essence points of the evening.

It sure got me to think. I started to think about all of the work I've done with LEED and with the NAHB Guidelines; the builders and clients that I've talked to; the interviews that I've done; the blog posts that I've written. If you're reading this you're probably in the same boat. Green is what you do. You're informed, you're educated, and you're continually learning and pushing the green envelope. But that, as it turns out, was the problem.

At the core of what we're trying to do at IGI is not reward homeowners for achieving some hardly attainable Platinum Standard. What we're striving for is to recognize those who make green strides as a way of introducing green to our community and, in turn, spreading the message and winning new converts.

Unfortunately, we fell into what's become a common mindset these days. While we're all measuring our carbon footprints, performing life cycle cost analyses and counting food miles, we may be forgetting about the fact that no matter how close to zero energy we get, there are 10 people out there that don't even know that it's possible to stop their junk mail.

Obviously, I'm not advocating giving up on any of these aspects of Green or the Green lifestyle in any way. But let's not forget that we may be able to have more impact by teaching 5 of our neighbors 3 simple things that they can do everyday to be more Green.

Jeff makes a very good point that comes often in many different situations - is it more effective to have a multitude do a little or a few do a lot?

If you have thoughts or comments on green housing issues in San Ramon, Danville, or Alamo, CA leave us a comment.

Months of Inventory June

Here are the Months of Inventory as of June 5, 2008 for communities in Contra Costa County.  They are down a fraction from 5.30 months in May to 5.11 months in June.  This may be a sign that the loal real estate markets are stabilizing. 

Many sellers may be holding off on placing their homes on the market until their local real estate market shows more favorable signs of improving.  This could be one of the main reasons we don't see an excess of housing inventory for sale.  A high percentage of the sales are foreclosures and short sales, especially in the east county. 

First time buyers and investors are finding bargains compared to where prices were two years ago.  We will be dealing and hearing about foreclosures in the media for some time to come.  The continued higher lending standards are also having an affect on the market. 

Community # of Active Pending Sales  Months of Inventory
Danville 266 56 4.75
Alamo 126 13 9.69
Walnut Creek 334 67 4.99
San Ramon 329 88 3.74
Dublin  211 51 4.14
Pleasanton 316 67 4.72
Livermore 472 103 4.58
Blackhawk 83 12 6.92
Diablo 11 1 11.00
Concord  711 137 5.19
Pleasant Hill 132 28 4.71
Martinez 208 40 5.20
Clayton 58 23 2.52
Rossmoor 143 41 3.49
Lafayette  123 23 5.35
Orinda 76 21 3.62
Moraga 57 16 3.56
Pittsburgh 579 109 5.31
Antioch 1079 223 4.84
Brentwood 469 104 4.51
Oakley 335 84 3.99
Castro Valley 228 44 5.18
Fremont 725 154 4.71
Hayward 941 142 6.63
San Leandro 465 95 4.89
San Lorenzo 138 31 4.45
Oakland 1834 272 6.74
Total  10449 2045 5.11
Average 387 76 5.11

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ADAS - Alamo Danville Artists’ Society

Don't miss the 14th Annual San Ramon Valley Tour of Local Artists' Studios. As always, this fundraiser directs all sales commissions into grants for art programs in the San Ramon Valley Unified School District.

This event is made possible by three co-sponsors: ADAS, the Town of Danville and the San Ramon Arts Foundation, with support by the City of San Ramon. And we are grateful for the Danville Weekly's continued support in sharing this with their readers.